Indian Oil rolls out a host of green initiatives on World Environment Day

New Delhi: Indian Oil Corporation Limited (IOCL) launched several innovative green initiatives on World Environment Day 2023. These initiatives, in line with Indian Oil’s net-zero commitment, are a testament to the Fortune 500 company’s plans approach of blending its robust growth with a sustainable footprint.

Sharing his thoughts on the occasion, Indian Oil's Chairman SM Vaidya said, "World Environment Day holds a special place for us at Indian Oil, as we take another major step towards environmental sustainability. Our initiatives, such as the Reverse Vending Machines, EV Bus, and garments crafted from recycled PET bottles, are all aligned with achieving net-zero operational emissions by 2046.”

The launch event, held at Indian Oil's corporate office in Sadiq Nagar included installation of a unique Reverse Vending Machine (RVM) at a retail outlet in Hyderabad that aims to incentivize recycling of plastic and other waste. The RVM is expected to address plastic pollution by incentivizing recycling of plastic waste & other waste with cashbacks and fuel vouchers.

Also, the sale of garments & merchandise made from recycled PET bottles was initiated at the Indraprastha fuel station in Delhi. This marks another stride in the company’s 'Unbottled’ initiative, seeking to turn plastic waste into garments.

An Electric Vehicle (EV) Bus was flagged-off to raise awareness about environmental protection and Indian Oil's green initiatives. The Bus will move across Delhi-NCR for the next fortnight and will be stationed at various popular locations in Delhi from 5th June to 19th June.

As part of Indian Oil’s World Environment Day celebrations, young UNEP Ambassadors were also felicitated for their inspiring commitment for a cleaner and greener environment. A campaign was also launched for the children of the Indian Oil family providing them with a platform to voice their views for a greener world.

Disclaimer: This story is a press release and is being published without any editing by the PSU Watch desk.

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